The economic scenario of the early 2000s did not include:
a. a stock market fall.
b. low interest rates.
c. a strong increase in employment.
d. a fall in real investment.
c. a strong increase in employment.
Economics
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When wages increase, the income effect a. increases the quantity of labor supplied b. increases the supply of labor
c. decreases the quantity of labor supplied d. decreases the supply of labor.
Economics
What is the full-employment output level?
a. The output level that results when the loanable funds market clears b. The output level that results when the returns to labor are zero c. The output level that results when factories are completely full d. The output level that results when the labor market clears e. The output level that would occur if the output level was positive.
Economics